Peace of mind is priceless.
Massive congratulations to our colleague, Lee, who recently passed his Wills and Estate Planning course with the College of Will Writers and has now joined The Society of Will Writers and Estate Planning Professionals (SWWEPP) as a Full Member. Aside from a small boost to the ego and use of a logo (see below), what does this actually mean in terms of us writing your Will?
Will writing is an unregulated business. Literally anybody can set themselves up as a professional Will Writer and start taking instructions. This seems absurd when you consider that ensuring your loved ones receive what you want them to have, and that you have taken all precautions to minimize Inheritance Tax, is most likely one of the biggest decisions you’ll have to make in your life and is really not something you should plan with an unqualified ‘professional’.
At Legal Tips, we want to ensure that our staff know what they are talking about when it comes to helping our customers. That is why only a fully qualified solicitor or a full member of SWWEPP can draft and finalise your Wills, Lasting Powers of Attorneys, Funeral plans etc. We abide by The Society’s code of practise, and Legal Tips carries Professional Indemnity Insurance up to the value of £2.5million.
Value for money?
So what should you expect to pay for a Will? We have seen Wills advertised for free (as long as you leave a gift for the charity compiling the Will), and we also know that some law firms can charge anything between £500-£900. DIY Wills are also available but they come with risk. For instance if it is not signed, dated or witnessed correctly, it is invalid and you die intestate.
Given the complexity of modern families, a simple or DIY Will may not be suitable. We always say there is no one-size fits-all when it comes to Wills so we recommend in all cases to seek the advice and the services of a professional to ensure that your wishes are correctly recorded.
There is no substitute for professional advice. Only by seeking a professional to write your Will can you be sure your last wishes will be recorded correctly, giving both you and your loved one’s peace of mind that your affairs are in order. To write your Will, or if you have any questions, please do drop us a line at firstname.lastname@example.org